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Qingdao (00499) sets up education equipment business JV
Qingdao Holdings International (00499) said it has agreed to form a joint venture,
 which will principally be engaged in education  equipment business.
  The total investment amount and the registered capital of the joint venture shall be 
RMB73 and RMB72.9 million respectively. It will be 51% owned by HK Hanhe (an indirect
wholly-owned subsidiary of Qingdao) and 49% owned by the JV partner.
  The JV partner shall make a capital contribution of RMB35.72 million by way of injection
of assets. HK Hanhe shall make a capital contribution of RMB34.9 million in cash, and
RMB2.28 million by way of injection of assets to the JV.

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